© Reuters. The U.S. dollar fell on Friday.
Investing.com – The U.S. dollar was lower on Friday as bond yields continued to hold near a one-week high, while the euro was higher.
The U.S. , which tracks the greenback against a basket of other currencies, fell 0.13% to 95.60 as of 10:57 AM ET (14:57 GMT).
Treasury yields were higher, with the note at 3.192%, not far from a one-week high of 3.211% on Thursday. Bond yields rose after hawkish Fed minutes on Wednesday showed the central bank’s conviction in gradually increasing interest rates in December and beyond.
The dollar rose against the yen, with gaining 0.29% to 112.52.
Elsewhere, the pound and euro recovered from monthly lows.
rose 0.17% to 1.3040 despite a hard Brexit looking more likely.The euro was slightly higher, with increasing 0.22% to 1.1479 after European Economic Affairs Commissioner Pierre Moscovici played down the EU’s dispute with Italy’s budget.
He said the EU had only sent a letter to Rome and it would be a long process going forward. Italy is expected to reply to the EU letter by Monday.
The Australian dollar was higher despite China posting lower than expected third-quarter GDP. jumped 0.51% to 0.7134, while increased 0.76% to 0.6591.
The loonie was lower after rose less than expected and fell in August. was up 0.16% to 1.3104.
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